G2 Goldfields Inc. Advances Oko Gold Project towards Production

Strategic Insights -

G2 Goldfields Inc. ("G2" or the "Company") has secured the approval for the issuance of two Large Scale Prospecting Licenses ("PL's") for its high-grade Oko-Ghanie Gold Deposit ("Oko" or the "Project") in Guyana. The PL's encompass the Oko and Ghanie Deposits, with a combined area of approximately 17,451 acres and replace 11 separate medium-scale mining permits. This milestone paves the way for the Company to rapidly advance the Project and unlock the full potential of this highly prospective gold district.

Key Takeaways:

  • The Ministry of Natural Resources and Guyana Geology and Mines Commission have approved the issuance of two Large Scale Prospecting Licenses ("PL's") for the Oko-Ghanie Gold Deposit ("Oko" or the "Project") in Guyana.
  • The PL's encompass the Oko and Ghanie Deposits, with a combined area of approximately 17,451 acres and replace 11 separate medium-scale mining permits.
  • The Large Scale PL's have a three-year term with two renewal rights for one year each and provide for the right of occupation and exclusive right to explore for gold and precious minerals.
  • Over the last two years, comprehensive environmental baseline studies have been conducted by G2 via third-party consultants to support the preparation of an Environmental Social Impact Assessment ("ESIA").
  • The Project area is not designated as a priority conservation site and does not overlap with any protected or Indigenous lands.
  • The Company's CEO, Dan Noone, commented that the approval provides a clear pathway to advance exploration and development of this world-class gold system.
  • Patrick Sheridan, Executive Chairman, stated that Guyana was recently recognized as a top ten jurisdiction globally for mining investment, demonstrating the Government's strong support for the mining industry.

Statistics:

  • The Oko and Ghanie Deposits contain 513,500 oz. Au (inferred) and 808,000 oz. Au (indicated) within 3,473,000 tonnes @ 4.60 g/t Au and 3,147,000 tonnes @ 7.98 g/t Au, respectively.
  • The total combined open pit and underground Resource for the Ghanie Zone is 1,024,500 oz. Au (inferred) and 663,400 oz. Au (indicated) within 12,062,000 tonnes @ 2.64 g/t Au and 10,288,000 tonnes @ 2.01 g/t Au, respectively.
  • The Total open pit Resource for the Oko NW Zone is 97,200 oz. Au (inferred) within 4,976,000 tonnes @ 0.61 g/t Au.

Sources:

  • G2 Goldfields Inc. press release dated August 28, 2025
  • Fraser Institute Annual Survey of Mining Companies, 2024